Accounting & Financial Reporting
| Location | Duration | Kenyan Cost | Non-Kenyan Cost | Upcoming Schedules |
|---|---|---|---|---|
| Nairobi, Kenya | 5 Days | KES 100,000 | USD 1,300 |
| Location | Duration | Non-Kenyan Cost | Register |
|---|---|---|---|
| Online | 5 Days | USD 550 |
| Register |
|---|
Accounting & Financial Reporting
About the Course
This course provides professionals with a comprehensive understanding of accounting principles
and financial reporting standards required to prepare accurate, transparent, and compliant
financial statements. Participants will develop practical skills in recording transactions, preparing
financial reports, and interpreting financial information to support sound business decision-
making.
Target Participants
- ● Accountants and finance officers
- ● Bookkeepers and accounts assistants
- ● Finance managers and controllers
- ● Non-finance managers requiring financial literacy
- ● Small business owners managing their own accounts
- ● NGO and project finance staff
What You Will Learn
- ● Understand fundamental accounting principles and concepts
- ● Record financial transactions accurately using the double-entry system
- ● Prepare core financial statements: income statement, balance sheet, and cash flow statement
- ● Reconcile accounts and manage the month-end and year-end close
- ● Interpret financial statements to support decision-making
- ● Manage fixed assets, depreciation, and accruals
- ● Apply accounting for specific transactions: payroll, inventory, and provisions
- ● Use accounting software and systems effectively
- ● Ensure accuracy, integrity, and compliance in financial reporting
Course Duration
- ● Face-to-face workshops: 5 days
- ● Virtual Training: 7 days
- ● LMS: Self-paced learning
Course Outline
Fundamentals of Accounting
- ● Accounting principles, concepts, and conventions
- ● The accounting equation and double-entry bookkeeping
- ● The chart of accounts and ledger structure
- ● Recording transactions: journals and postings
- ● The trial balance and its role in the accounting cycle
Preparing Financial Statements
- ● The income statement: structure and preparation
- ● The balance sheet: assets, liabilities, and equity
- ● The cash flow statement: direct and indirect methods
- ● Statement of changes in equity
- ● Notes to the financial statements
Accounting Standards and Compliance
- ● Overview of International Financial Reporting Standards (IFRS)
- ● IFRS for SMEs
- ● Applying relevant accounting standards in practice
- ● Accounting policies and disclosure requirements
- ● Keeping up to date with changes in accounting standards
Month-End and Year-End Processes
- ● Accruals, prepayments, and adjusting entries
- ● Bank and account reconciliations
- ● Fixed asset accounting and depreciation methods
- ● Managing provisions and contingent liabilities
- ● Managing provisions and contingent liabilities
- ● The year-end close and financial statement preparation
Specialised Accounting Areas
- ● Accounting for inventory and cost of sales
- ● Payroll accounting and statutory deductions
- ● Accounting for grants and donor funding
- ● Foreign currency transactions and translation
- ● Accounting for leases and intangible assets
Financial Analysis and Reporting
- ● Interpreting financial statements
- ● Key financial ratios and what they reveal
- ● Preparing management accounts and reports
- ● Communicating financial information to non-finance stakeholders
- ● Using accounting software for reporting and analysis
Training Approach
This course will be delivered through a coaching-first approach that goes beyond traditional
instruction. Whether in our Nairobi classroom, live virtual cohorts, or through our White Label
LMS, participants engage in a safe and nonjudgmental learning environment designed for
meaningful transformation.
We focus on the individual behind the professional title, connecting with the heart before
training the mind. This approach encourages reflection, practical application, and deeper
engagement, ensuring that learning is not only understood but also internalized and applied with
confidence.
Certification
Participants will receive a certificate upon successful completion of the course, recognizing their
knowledge and practical competence.
Customized Training Solutions
This course can also be delivered as a tailor-made program, designed to address the specific
needs, priorities, and operational challenges of your organization.